Many of you may have seen the headlines over the weekend regarding Silicon Valley Bank (“SVB”) and two other bank failures. We understand this can bring up memories of 2008, so we wanted to provide further insight into what...

Retirement planning may be a daunting task, but it is an essential one. The financial security of your old age depends entirely on how much you are saving for retirement in your youth. As such, the most common question on our...

You may have heard the good news about 529 Plan rollovers—families can now make a rollover from a 529 Plan to a Roth IRA tax-free starting in 2024. There historically have been taxes and penalties for withdrawing from a 529 Plan...

As many of you know, I have a personal fascination with cryptocurrencies, and specifically Bitcoin. It was a rough year for all the world’s blockchains, and the media gets never-ending joy from crypto bloodbaths. When...

Valued Clients & Friends, Happy New Year! Every year at this time, we like to look back and review the past year.

Sam Bankman-Fried, the founder of FTX Trading Ltd., has been indicted on eight criminal charges. These charges include wire fraud and conspiracy by misusing customer funds, per an indictment from the US Southern District of New York....

I promised to all that you would hear from me first when tax laws change. Even though these are not exactly presents from Santa, an oath is an oath! Version 2.0 of the Secure Act (“Secure 2.0”) was approved by...

It is that time of the year again…it’s December and time for last-minute tax planning and optimization. You may typically hear about tax loss harvesting this time of year. Tax loss harvesting is selling...

Late last week, one of the largest cryptocurrency exchanges, FTX, filed for bankruptcy. From the sound of it, defrauding investors occurred and jail time should happen for some of the firm’s leadership. I have seen a...

High inflation will raise more than 50 tax provisions for 2023 including tax rates and standard deductions. See below for a select summary of Revenue Procedure 2022-38 and Notice 2022-55 which detail those adjustments...